Story: Banking and finance

Non-cash bank transactions, 2003–2007

Non-cash bank transactions, 2003–2007

Through this relatively short period (five years), change occurred in the kinds of banking transactions used most often. There was a continuing rise in the volume of EFTPOS (electronic funds transfer at point of sale) transactions relative to all other kinds. ATM transactions, which at one time were more common than EFTPOS transactions, started to decline, as EFTPOS terminals became more and more common.

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Source: New Zealand Banker's Association

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How to cite this page:

David Tripe, 'Banking and finance - The business of banking', Te Ara - the Encyclopedia of New Zealand, (accessed 16 April 2024)

Story by David Tripe, published 11 Mar 2010